Petrobras was the big winner of the 4th Cycle of the Permanent Offer. The company acquired 29 blocks in the Pelotas Basin, under the concession regime, in an auction held today (Dec 13th) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company prioritized assets in offshore areas and operated in consortium with other companies.
Petrobras will be the operator in all the blocks acquired, three in a consortium with Shell (30%) and CNOOC (20%) and 26 in a consortium with Shell alone (30%). The new blocks are in the coastal area of Rio Grande do Sul.
The total amount of the signing bonus to be paid by the company is R$ 116 million. This amount represents less than 1% of the investments approved in the 2024-2028 Strategic Plan and was already foreseen in the Plan.
Currently, almost 80% of the company’s production is concentrated in the pre-salt, which continues to be its main asset with a great economic and environmental competitive advantage, with the production of better-quality oil with lower greenhouse gas emissions.
In addition to the investments in the pre-salt and in the Brazilian Equatorial Margin, Petrobras seeks to ensure the sustainability of future oil and gas production, which will be developed in an integrated manner with other energy sources and will contribute to the energy transition process taking place in a fair, safe and sustainable manner. This 29 blocks add to the company’s current portfolio of 47 blocks.
